Home India Ministry of Commerce and Industry In exercise of powers conferred under paragraph 1 03 of the ...
Date: 2018-12-27 Category: Extra Ordinary State: Union Government Country: India

In exercise of powers conferred under paragraph 1 03 of the Foreign Trade Policy, 2015 2020, as amended

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

**Executive Summary:** This public notice, issued by the Directorate General of Foreign Trade on December 27, 2018, announces an amendment to the Hand Book of Procedures 2015-2020 regarding the extension of the validity period for Advance Authorisations. It allows for a second revalidation of Advance Authorisations for six months to facilitate imports proportionate to fulfilled export obligations. The amendment is made in exercise of powers conferred under paragraph 1.03 of the Foreign Trade Policy, 2015-2020. **Key Points / Main Content:** * **Amendment to Para 4.41 c:** * Regional Authorities may consider requests from original Authorisation holders for revalidation. * A first revalidation can be granted for six months from the expiry date. * Application for first revalidation shall be filed online in ANF 4D. * A second revalidation can be granted for six months from the expiry date of the first revalidation, to allow imports proportionate to export obligations already fulfilled. * Application for second revalidation shall be filed online in ANF 4D. * **Effect of the Public Notice:** * A facility for a second revalidation of Advance Authorisations for six months is provided to facilitate imports proportionate to export obligations already fulfilled. **Impact Analysis** **Original Authorisation Holders:** * *Impact:* Benefit from the possibility of obtaining a second six-month revalidation of their Advance Authorisations, enabling them to import goods in proportion to their fulfilled export obligations. * *Action Required:* Submit online applications in ANF 4D to the Regional Authority to request both first and second revalidations of their Advance Authorisations. **Regional Authorities:** * *Impact:* Responsible for considering requests for both first and second revalidations of Advance Authorisations. * *Action Required:* Process applications for revalidation, ensuring compliance with the amended procedures.

Key Entities Referenced

Foreign Trade Policy, 2015-2020: A policy document governing foreign trade, referenced in the context of powers conferred to the Director General of Foreign Trade. Directorate General of Foreign Trade: An organization under the Ministry of Commerce and Industry, responsible for foreign trade regulation and facilitation. Ministry of Commerce and Industry: The Indian government ministry responsible for the development and regulation of commerce and industry. New Delhi: The location where the public notice was issued and the location of Government of India Press, Mayapuri Advance Authorisation: A scheme related to import and export, with this notice pertaining to its revalidation. Hand Book of Procedures 2015-2020: A document providing detailed procedures related to the Foreign Trade Policy. Alok Vardhan Chaturvedi: Director General of Foreign Trade and Ex-officio Additional Secretary. ANF 4D: Application form for revalidation of Authorisation to be filed online.
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